Dave (NASDAQ:DAVE) Stock Picked Up by Analysts at Monness Crespi & Hardt

Research analysts at Monness Crespi & Hardt initiated coverage on shares of Dave (NASDAQ:DAVE) in a report issued on Monday, Briefing.com reports. The brokerage set a “neutral” rating on the fintech company’s stock.

DAVE has been the topic of several other reports. Lake Street Capital reaffirmed a “buy” rating and set a $450.00 price objective on shares of Dave in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Zacks Research downgraded shares of Dave from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Dave from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, Piper Sandler began coverage on shares of Dave in a research report on Monday, August 17th. They set an “overweight” rating and a $390.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $433.25.

Dave Price Performance

DAVE stock opened at $354.60 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $4.52 billion, a PE ratio of 23.00 and a beta of 3.92. The company’s fifty day moving average price is $355.72 and its 200-day moving average price is $325.39. Dave has a one year low of $152.21 and a one year high of $458.25.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing the consensus estimate of $3.44 by ($2.95). The company had revenue of $170.79 million during the quarter, compared to analysts’ expectations of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, equities analysts anticipate that Dave will post 13.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GK Wealth Management LLC bought a new position in Dave during the third quarter valued at $34,000. Signaturefd LLC grew its holdings in Dave by 119.2% during the 3rd quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock valued at $37,000 after purchasing an additional 62 shares during the last quarter. Allworth Financial LP raised its position in Dave by 25.4% in the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after purchasing an additional 29 shares during the period. GAMMA Investing LLC raised its position in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after purchasing an additional 68 shares during the period. Finally, Sterling Capital Management LLC raised its position in Dave by 841.7% in the 3rd quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock worth $109,000 after purchasing an additional 303 shares during the period. 18.01% of the stock is owned by hedge funds and other institutional investors.

About Dave

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.